Exencial Wealth Advisors LLC Purchases 1,113 Shares of Infosys Limited (NYSE:INFY)

Exencial Wealth Advisors LLC boosted its position in Infosys Limited (NYSE:INFY) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 35,839 shares of the technology company’s stock after buying an additional 1,113 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Infosys were worth $786,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. DJE Kapital AG bought a new stake in Infosys in the fourth quarter worth about $688,000. Jones Financial Companies Lllp lifted its stake in Infosys by 15.9% in the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,030 shares during the last quarter. Capital Wealth Planning LLC bought a new stake in Infosys in the fourth quarter worth about $2,141,000. US Bancorp DE lifted its stake in Infosys by 2.8% in the fourth quarter. US Bancorp DE now owns 280,573 shares of the technology company’s stock worth $6,150,000 after purchasing an additional 7,599 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Infosys by 0.7% during the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company’s stock valued at $318,221,000 after acquiring an additional 102,341 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Stock Up 1.8 %

Shares of INFY stock opened at $20.07 on Thursday. The firm has a market cap of $83.11 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 3.50 and a beta of 1.00. The company’s 50 day moving average is $21.71 and its 200 day moving average is $22.24. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter last year, the business earned $0.18 EPS. Analysts anticipate that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on INFY. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.22.

Infosys Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.